2022-06-012023-05-312023-05-31false107753744ourth Generation Layzell Builders Ltd2024-02-2043390iso4217:GBPxbrli:pure107753742022-06-01107753742023-05-31107753742022-06-012023-05-31107753742021-06-01107753742022-05-31107753742021-06-012022-05-3110775374bus:SmallEntities2022-06-012023-05-3110775374bus:AuditExempt-NoAccountantsReport2022-06-012023-05-3110775374bus:AbridgedAccounts2022-06-012023-05-3110775374bus:PrivateLimitedCompanyLtd2022-06-012023-05-3110775374core:WithinOneYear2023-05-3110775374core:AfterOneYear2023-05-3110775374core:WithinOneYear2022-05-3110775374core:AfterOneYear2022-05-3110775374core:ShareCapital2023-05-3110775374core:SharePremium2023-05-3110775374core:RevaluationReserve2023-05-3110775374core:OtherReservesSubtotal2023-05-3110775374core:RetainedEarningsAccumulatedLosses2023-05-3110775374core:ShareCapital2022-05-3110775374core:SharePremium2022-05-3110775374core:RevaluationReserve2022-05-3110775374core:OtherReservesSubtotal2022-05-3110775374core:RetainedEarningsAccumulatedLosses2022-05-3110775374core:LandBuildings2023-05-3110775374core:PlantMachinery2023-05-3110775374core:Vehicles2023-05-3110775374core:FurnitureFittings2023-05-3110775374core:OfficeEquipment2023-05-3110775374core:NetGoodwill2023-05-3110775374core:IntangibleAssetsOtherThanGoodwill2023-05-3110775374core:ListedExchangeTraded2023-05-3110775374core:UnlistedNon-exchangeTraded2023-05-3110775374core:LandBuildings2022-05-3110775374core:PlantMachinery2022-05-3110775374core:Vehicles2022-05-3110775374core:FurnitureFittings2022-05-3110775374core:OfficeEquipment2022-05-3110775374core:NetGoodwill2022-05-3110775374core:IntangibleAssetsOtherThanGoodwill2022-05-3110775374core:ListedExchangeTraded2022-05-3110775374core:UnlistedNon-exchangeTraded2022-05-3110775374core:LandBuildings2022-06-012023-05-3110775374core:PlantMachinery2022-06-012023-05-3110775374core:Vehicles2022-06-012023-05-3110775374core:FurnitureFittings2022-06-012023-05-3110775374core:OfficeEquipment2022-06-012023-05-3110775374core:NetGoodwill2022-06-012023-05-3110775374core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3110775374core:ListedExchangeTraded2022-06-012023-05-3110775374core:UnlistedNon-exchangeTraded2022-06-012023-05-3110775374core:MoreThanFiveYears2022-06-012023-05-3110775374core:Non-currentFinancialInstruments2023-05-3110775374core:Non-currentFinancialInstruments2022-05-3110775374dpl:CostSales2022-06-012023-05-3110775374dpl:DistributionCosts2022-06-012023-05-3110775374core:LandBuildings2022-06-012023-05-3110775374core:PlantMachinery2022-06-012023-05-3110775374core:Vehicles2022-06-012023-05-3110775374core:FurnitureFittings2022-06-012023-05-3110775374core:OfficeEquipment2022-06-012023-05-3110775374dpl:AdministrativeExpenses2022-06-012023-05-3110775374core:NetGoodwill2022-06-012023-05-3110775374core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3110775374dpl:GroupUndertakings2022-06-012023-05-3110775374dpl:ParticipatingInterests2022-06-012023-05-3110775374dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3110775374core:ListedExchangeTraded2022-06-012023-05-3110775374dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3110775374core:UnlistedNon-exchangeTraded2022-06-012023-05-3110775374dpl:CostSales2021-06-012022-05-3110775374dpl:DistributionCosts2021-06-012022-05-3110775374core:LandBuildings2021-06-012022-05-3110775374core:PlantMachinery2021-06-012022-05-3110775374core:Vehicles2021-06-012022-05-3110775374core:FurnitureFittings2021-06-012022-05-3110775374core:OfficeEquipment2021-06-012022-05-3110775374dpl:AdministrativeExpenses2021-06-012022-05-3110775374core:NetGoodwill2021-06-012022-05-3110775374core:IntangibleAssetsOtherThanGoodwill2021-06-012022-05-3110775374dpl:GroupUndertakings2021-06-012022-05-3110775374dpl:ParticipatingInterests2021-06-012022-05-3110775374dpl:GroupUndertakingscore:ListedExchangeTraded2021-06-012022-05-3110775374core:ListedExchangeTraded2021-06-012022-05-3110775374dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-06-012022-05-3110775374core:UnlistedNon-exchangeTraded2021-06-012022-05-3110775374core:NetGoodwill2023-05-3110775374core:IntangibleAssetsOtherThanGoodwill2023-05-3110775374core:LandBuildings2023-05-3110775374core:PlantMachinery2023-05-3110775374core:Vehicles2023-05-3110775374core:FurnitureFittings2023-05-3110775374core:OfficeEquipment2023-05-3110775374core:AfterOneYear2023-05-3110775374core:WithinOneYear2023-05-3110775374core:ListedExchangeTraded2023-05-3110775374core:UnlistedNon-exchangeTraded2023-05-3110775374core:ShareCapital2023-05-3110775374core:SharePremium2023-05-3110775374core:RevaluationReserve2023-05-3110775374core:OtherReservesSubtotal2023-05-3110775374core:RetainedEarningsAccumulatedLosses2023-05-3110775374core:NetGoodwill2022-05-3110775374core:IntangibleAssetsOtherThanGoodwill2022-05-3110775374core:LandBuildings2022-05-3110775374core:PlantMachinery2022-05-3110775374core:Vehicles2022-05-3110775374core:FurnitureFittings2022-05-3110775374core:OfficeEquipment2022-05-3110775374core:AfterOneYear2022-05-3110775374core:WithinOneYear2022-05-3110775374core:ListedExchangeTraded2022-05-3110775374core:UnlistedNon-exchangeTraded2022-05-3110775374core:ShareCapital2022-05-3110775374core:SharePremium2022-05-3110775374core:RevaluationReserve2022-05-3110775374core:OtherReservesSubtotal2022-05-3110775374core:RetainedEarningsAccumulatedLosses2022-05-3110775374core:NetGoodwill2021-06-0110775374core:IntangibleAssetsOtherThanGoodwill2021-06-0110775374core:LandBuildings2021-06-0110775374core:PlantMachinery2021-06-0110775374core:Vehicles2021-06-0110775374core:FurnitureFittings2021-06-0110775374core:OfficeEquipment2021-06-0110775374core:AfterOneYear2021-06-0110775374core:WithinOneYear2021-06-0110775374core:ListedExchangeTraded2021-06-0110775374core:UnlistedNon-exchangeTraded2021-06-0110775374core:ShareCapital2021-06-0110775374core:SharePremium2021-06-0110775374core:RevaluationReserve2021-06-0110775374core:OtherReservesSubtotal2021-06-0110775374core:RetainedEarningsAccumulatedLosses2021-06-0110775374core:AfterOneYear2022-06-012023-05-3110775374core:WithinOneYear2022-06-012023-05-3110775374core:Non-currentFinancialInstrumentscore:CostValuation2022-06-012023-05-3110775374core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-06-012023-05-3110775374core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-06-012023-05-3110775374core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-06-012023-05-3110775374core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-06-012023-05-3110775374core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-06-012023-05-3110775374core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-06-012023-05-3110775374core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-06-012023-05-3110775374core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-06-012023-05-3110775374core:Non-currentFinancialInstrumentscore:CostValuation2023-05-3110775374core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-05-3110775374core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-05-3110775374core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-05-3110775374core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-05-3110775374core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-05-3110775374core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-05-3110775374core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-05-3110775374core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-05-3110775374core:Non-currentFinancialInstrumentscore:CostValuation2022-05-3110775374core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-05-3110775374core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-05-3110775374core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-05-3110775374core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-05-3110775374core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-05-3110775374core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-05-3110775374core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-05-3110775374core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-05-3110775374bus:Director12022-06-012023-05-31

4ourth Generation Layzell Builders Ltd

Registered Number
10775374
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

4ourth Generation Layzell Builders Ltd
Company Information
for the year from 1 June 2022 to 31 May 2023

Director

Matthew John Layzell

Registered Address

Grey Lodge Palmers Green
Hatch Beauchamp
Taunton
TA3 6AE

Registered Number

10775374 (England and Wales)
4ourth Generation Layzell Builders Ltd
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets32,6252,996
2,6252,996
Current assets
Stocks27,95721,180
Debtors1,7262,478
Cash at bank and on hand36,42140,344
66,10464,002
Creditors amounts falling due within one year5(28,640)(26,509)
Net current assets (liabilities)37,46437,493
Total assets less current liabilities40,08940,489
Creditors amounts falling due after one year(22,500)(32,542)
Provisions for liabilities(499)(569)
Net assets17,0907,378
Capital and reserves
Called up share capital100100
Profit and loss account16,9907,278
Shareholders' funds17,0907,378
The financial statements were approved and authorised for issue by the Director on 20 February 2024, and are signed on its behalf by:
Matthew John Layzell
Director
Registered Company No. 10775374
4ourth Generation Layzell Builders Ltd
Notes to the Financial Statements
for the year ended 31 May 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery20-
Fixtures and fittings15-
Vehicles25-
Office Equipment-3
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees
The following average number of employees includes directors.

20232022
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 June 2211,255
Additions577
At 31 May 2311,832
Depreciation and impairment
At 01 June 228,260
Charge for year947
At 31 May 239,207
Net book value
At 31 May 232,625
At 31 May 222,996
4.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables876703
Other debtors-1,022
Prepayments and accrued income850753
Total1,7262,478
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables2,4756,708
Bank borrowings and overdrafts10,0009,958
Taxation and social security12,3645,462
Other creditors1,6192,243
Accrued liabilities and deferred income2,1822,138
Total28,64026,509
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.